ricemarine

ricemarine

Also saw this was interpreted as a shark, which points to the same buy area. There's also confluence with this being at the 78.6% retracement level. Would need more confirmation via volume and price action to confirm.

ricemarine

Using the previous spikes as reference points for a bat on the weekly, and considering this could be the end of the downtrend and start of a corrective uptrend, could potentially see a PT of $6. Feel free to comment if anyone has any other insights!

ricemarine

Signs: Above big trend line dating back dating back to May 2020 (retest) Double bottom on the support line Bullish divergence on the MFI/RSI on 4H Bullish divergence on MACD Huge V 240c 10/15 flow a few weeks back This could run. PT1: 240, PT2: 250 PT3: 255

ricemarine

Bullish divergence on MACD and RSI/MFI in a range bound channel. PT: $180-$190.

ricemarine

This looks way oversold, potential run up. Technical Signs: RSI/MFI: Bullish divergence compared to the last drop. Bollinger bands: At bottom end (on 4h), looks like a potential rip to the middle. Fibonacci: 23.6% is at the top end of the range. PT: $15-$16

ricemarine

Divergence on MACD and RSI/MFI. Also lots of puts for $500-$600. Seems possible that the price could reenter the triangle?

ricemarine

MACD and MFI/RSI showing a hidden divergence. We may possibly have a reversion to the middle of the bollinger bands, but I wouldn't think it would be sustainable post short-term.

ricemarine Updated 

MFI has a bullish divergence MACD looks ready to turn upwards. TTM Squeeze also pointing up. Confluence with support trend line. This is an idea.

ricemarine

Not sure where Wave A will end, but if it holds here: Current Signs: 1) Bullish divergence on MFI 2) Touching middle of bollinger bands. Signs to wait for: 1) Potential crossover of MACD (waiting for this) 2) Sign of bounce (either double or triple bottom) PT: $14-$16

ricemarine

Signs of confluence: 1) Bullish divergence on MFI (similar to RSI but factors in volume) 2) Touching low end of bollinger bands. 3) Looks like a squeeze on the MACD. Ready to cross in a direction. Price target between $22-$24 (50%-76.4% Fibonacci retracement of wave A).